![]() ![]() The movie industry as a whole has lost close to $10 billion thus far in 2020 according to multiple analyses as the shutdown hammers other sectors of the entertainment and leisure industries. In contrast, Disney’s earnings fell by more than 50 percent and the company took a $1.4 billion loss last quarter. What’s more, Newzoo projects the industry to surpass $200 billion in revenue in 2023. ![]() That would be 9.3 percent year-over-year growth. Way up.Īccording to a recent report by Newzoo senior market analyst Tom Wijman, the global gaming market will generate $159.3 billion in revenue in 2020. With video gaming and esports one of the most ready-made transitions for sports fans during the coronavirus-induced shutdown, projections for industry-wide revenue are up.
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